RusHydro finalized the sale of its shareholding in Trust Gidromontazh


JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that it has terminated its participation in a general contractor, JSC Trust Gidromontazh, following the sale of RusHydro?s shareholding in the company in the amount of 97,341,002 ordinary and 29,712,027 preferred shares, equivalent to 31.98% in share capital, in favor of JSC TEK Mosenergo.


The disposal of shares was approved by the Company?s Board of Directors on July 15, 2013 for a total consideration of RUB 1,663,174,970.


JSC Trust Hydromontazh provides engineering and general contractor services to power generation companies, including RusHydro.


 


About RusHydro:


RusHydro Group is one of Russia?s largest generating companies. RusHydro is the leading producer of renewable energy in Russia with over 70 generating facilities in Russia and abroad. The company also manages a number of R&D, engineering and electricity retail companies. Group?s thermal assets are operated by subsidiary ? RAO Energy System of East in the Far East of Russia. Total electricity generation capacity of the Group is 36.5 GW, heat capacity ? 16.2 thousand GCal/h.


Russian Federation owns 67.1% in RusHydro, the rest is held by other institutional and individual shareholders (over 360,000). The company?s stock is traded on the MICEX and RTS stock exchanges, and included in MSCI EM ? MSCI Russia indexes. Company?s GDRs in the IOB section of LSE, ADRs ? in OTCQX.


 


For more information:


JSC RusHydro, Investor Relations Department


Tel. +7 (495) 225-3232 ext. 1319, 1607


ir@rushydro.ru


 


DISCLAIMER


The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. One can identify forward-looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially from these statements.


We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia and rapid technological and market changes in our industries, as well as many other risks specifically related to RusHydro and its operations.


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